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Staking

Staking​

Edgeware uses a version of proof-of-stake called Nominated Proof-of-Stake, and stakers are split into two types:

  • Validators: Node operators who secure the network and are backed by nominators and their own stake.
  • Nominators: EDG holders who delegate/nominate their EDG to a validator and share in the benefits.

See more details about these roles below:

Intro to Roles in NPoS

Nominate​

Validate​

Validation requires establishing a node, setting up your account and keys, and bonding EDG in order to verify blocks and secure the network. Follow these steps, in order, to get started.

Staking and Consensus Parameters​

Reaping Threshold: The amount that an account must maintain in order to avoid deletion.

Consensus configuration​

  • Aura
  • Runtime version: 28
  • Blocktime: 6 seconds
  • Session: 60 minutes (600 blocks)
  • Era: 6 hours (6 sessions per era)

Staking configuration​

  • Validators at launch: 10
  • Validator slots at launch: 60
  • Bonding duration: 14 days
  • Slashes deferred duration: 7 days
  • Cancellation of slashes: 3/4 of council required - need to revisit this